BEIJING/SHANGHAI (Reuters) – Ten Chinese joint-stock banks raised objections to new central bank rules to tighten regulations on the asset management industry during a close-door meeting in Shanghai last week, three sources with knowledge of…
Featured Posts Title
Watch: Humanoid robots stumble through AI-powered football match in Beijing
China Raises Quota for Foreign Investment, Ending 13-Month Pause
China sanctions former Filipino lawmaker over South China Sea claims
Chinese stocks trade near 3-month high as manufacturing, home sales rebound
Resale home prices drop at faster pace in China, private survey shows
New battery innovation boosts humanoid robot performance in China
Beijing’s announcement comes one day after the former Senate leader in the Philippines stepped down from his position
Recent Posts
Ten Chinese banks oppose central bank’s new asset management rules – sources
China’s Country Garden suspends property services unit spin-off
HONG KONG, Dec 12 (Reuters) – China’s largest developer by sales Country Garden said it has suspended a plan to spin off its property services unit due to a change in government policies. The company…
Inside China’s ‘virtue schools’ for women
Centres training women to be “virtuous” have sprung up across China in recent years, telling women that career and femininity do not mix and forcing them to do menial work. But what are these institutes…
Beijing Develops Plan to Counter Trump Tax Plan
BEIJING—As the U.S. prepares to take China to task over trade … Data from the Washington-based Institute of International Finance show that investor fund flows to emerging markets turned sharply negative late last month due…
Unified APP of China’s Banking Industry, “Mobile QuickPass” Officially Launches Today
To provide more value to cardholders and to encourage more customers to experience the functions and services of the “Mobile QuickPass” APP, China UnionPay has collaborated with commercial banks to launch 50%-off discount for the…
Campaign to Drive Out Migrants Slams Beijing’s Best and Brightest
BEIJING — With coding skills, a foreign degree, fluent English and an apartment barely big enough for his espresso maker and two cats, Si Ruomu thought he was the kind of go-getting young tech worker…
BRIEF-Zhong Fu Tong wins China Unicom’s bids for 208.6 mln yuan
Dec 11 (Reuters) – Zhong Fu Tong Co Ltd: * SAYS IT WINS CHINA UNICOM’S BIDS FOR 208.6 MILLION YUAN ($31.52 million) Source text in Chinese: http://bit.ly/2kXMDom Further company coverage: ($1 = 6.6170 Chinese yuan…
Can China Contain Bitcoin?
Similar to early devotees of the Internet, Gao explains, people in China’s blockchain community share a belief in a world-changing technology. One member of this community is Lu Bin, the CEO of a Shanghai-based blockchain…
China Credit Growth Exceeds Estimates as Funding Remains Buoyant
Aggregate financing stood at 1.6 trillion yuan ($242 billion) in November, the People’s Bank of China said Monday, compared with an estimated 1.25 trillion yuan in a Bloomberg survey and 1.04 trillion yuan the prior…
DEUTSCHE BANK: A major financial crisis is almost twice as likely in China as anywhere else in the world
Staff members of a real estate developer pile up bundles of 100 yuan banknotes during a ceremony to give salaries to their construction workers, in Luoyang, Henan province, China, January 9, 2016. The developer gave…
China Mobile, ZTE on Track for ‘World’s’ Largest OpenStack Private Cloud SDN Project
ZTE claims that it has passed the acceptance test of China Mobile’s Hohhot SDN Project, the world’s largest private cloud based on OpenStack architecture based on ZTE SDN vDC solution. As a tier-1 private cloud…
China’s IPO shares set to become worst performers for a second year on increased supply and surveillance
China’s initial public offering shares are on track to become the worst-performing sector this year, as the regulator speeds up new share supply and increases curbs on speculations on new listings. An index of new…
Canadian financial leaders urge patience on free-trade talks with China
But Bill Downe, who retired in November after a decade as Bank of Montreal’s chief executive officer and is advising Canada’s government on trade, believes the conditions for doing business in China are dramatically improving…
